EUR/CHF Forecast February 22, 2016, Technical Analysis

The EUR/CHF pair went back and forth during the day on Friday, testing the 1.10 level for support. We did find it there, and as a result we think that the market will more than likely try to bounce yet again. There is massively supportive action all the way down to the 1.09 handle, so at this point in time we have no interest in selling this market. We think that eventually we will break out to the upside, and then reach towards the 1.12 handle next. After that, we could go much higher.